Other Info & Supplementary Info Flashcards
1
Q
Other Information
A
- report by management or those charged with governance on operations
- Financial summaries
- Employment data
2
Q
Other Information Requires Revision
A
- other-matter paragraph or explanatory
- withhold use of report
- withdraw from the engagement and consult with legal counsel.
3
Q
Supplementary Information
A
two objectives
- Presentation
- Fairly stated
4
Q
Conditions for Reporting
A
five must be met.
- derived from
- same period
- auditor issued and auditors report
- neither an adverse opinion nor a disclaimer
- will accompany the audited financial statements
5
Q
Separate Report should include.
A
- reference to the report
- date
- nature of the opinion
- any report modifications
